One80 Intermediaries, a specialty insurance broker headquartered in Boston, has entered the employee benefits space with the acquisition of Executive Benefits Group (EBG). Terms of the deal were not disclosed.
Based in Charlotte, North Carolina, EBG offers a comprehensive suite of executive benefit solutions including corporate supplemental disability income protection programs throughout the United States.
Its boutique service model is designed for sophisticated, highly compensated executives, and provides innovative executive benefit services helping clients accumulate and protect financial assets for retirement.
The firm works with a wide variety of privately held and public corporations, as well as hospitals, private universities, and individuals. Services include existing coverage analysis, the creation of customised plans to meet clients’ objectives, implementation and enrollment support, and ongoing administration.
Matthew F. Power, President, One80 Intermediaries, said: “Structural limitations in group disability plans, group life insurance plans, and qualified retirement plans, create shortfalls that limit the value of these programs to an organisation’s highly compensated employees.
“I have been very impressed with EBG’s level of expertise and consultative approach to this niche area of the employee benefits space, and look forward to our partnership,” he continued.
